Brokerages Set Standard Chartered PLC (LON:STAN) Target Price at GBX 956.33

Standard Chartered PLC (LON:STANGet Free Report) has been given an average rating of “Moderate Buy” by the eight analysts that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 956.33 ($12.16).

A number of brokerages recently weighed in on STAN. The Goldman Sachs Group upgraded Standard Chartered to a “buy” rating and decreased their price objective for the stock from GBX 879 ($11.17) to GBX 868 ($11.03) in a research note on Monday, November 20th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,100 ($13.98) price objective on shares of Standard Chartered in a report on Monday, November 6th. Finally, Citigroup reissued a “neutral” rating on shares of Standard Chartered in a report on Monday, October 16th.

Read Our Latest Research Report on Standard Chartered

Standard Chartered Trading Down 0.4 %

Shares of STAN stock opened at GBX 595 ($7.56) on Wednesday. Standard Chartered has a twelve month low of GBX 571 ($7.26) and a twelve month high of GBX 799.40 ($10.16). The stock has a market capitalization of £15.89 billion, a price-to-earnings ratio of 1,166.67, a P/E/G ratio of 0.70 and a beta of 0.83. The stock has a fifty day simple moving average of GBX 633.12 and a two-hundred day simple moving average of GBX 683.02.

Standard Chartered Company Profile

(Get Free Report

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through two segments: Corporate, Commercial and Institutional Banking; and Consumer, Private and Business Banking.

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